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The ONE Thing Winning Traders Do That Losing Traders Don’t

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The ONE Thing Winning Traders Do That Losing Traders Don’t

hey hey what my friend so in today’s episode I want to discuss the one thing the one thing that profitable traders do that losing traders don’t so what is this one thing well if you ask me right based on my know last seven eight years of mentoring traders this one thing is profitable winning traders they validate their trading strategy and this is something that losing traders don’t so what is validating your trading strategy validating means that you’ve done the work your bank there’s no strategy or forward tested and you know that the trading strategy that you’re trading actually use a positive expectancy it actually makes money in the long run it actually has an edge in the markets this is what I mean by you know validating your trading strategy right and this is what winning traders do they don’t risk a single dollar until they know that they have trade they are trading something that actually works whereas if you look at losing traders they just go to forum they read some books you know oh by when the price breaks out of the 50 day high okay and I have a 50 pips target profit and you just you know take it at face value they think that oh just because someone wrote a book that person is credible right and they just think that strategy at face value and it traded on their life account and they wonder you know why they lose money in the long run right that’s because they have not validate their trading strategy and we need to validate that your trading strategy right there are many benefits that come along with it number one you overcome the fear of losing why because when you are trading a strategy that is validated maybe you’ve practiced over the last twenty years right you have back tested it in a bull market uptrend in a downtrend in a low-volatility environment in a high-volatility environment it if it still makes money right despite different market regimes then you have confident right that in the future even as you know market change again right from uptrend or downtrend etc death strategy is still likely to make money in the long run right you will have the fear of losing still but the fear of losing is greatly minimized right since you know that strategy has survived right in different market conditions and that’s not all right it also helped you overcome the fear of the unknown right imagine if you take a trading strategy that’s not validated you will always have the top processor like you know what if the strategy it stops working what if the strategy doesn’t work at all in the first place what if this trading strategy is a losing strategy you have all this damn thoughts in your head right a fear of the unknown but if you have validated the strategy if you know that this is something that works that thought will naturally melt away right you’ll look through the historical back-testing and you realize hey this strategy has working the Oh 8 or 9 financial crisis during the dot-com bubble is working fine right right now you know it may not be looking too well but this is planning possible drawdown and it’s likely to continue working again in the future you can see that you know the fear of the unknown is greatly minimized as well when you are trading a strategy right that is validated next one the third one when you are trading a strategy that is validated right you will have the conviction to treat it as simple as then right if you know that every time you toss a coin it comes up here you win ten dollars every time it comes up till you lose five dollars will you be convinced to toss that coin for the next hundred 200 times I’m sure you will all right because the coin toss you know use your positive expectancy and it’s the same for trading right you will have the conviction to treat that system right if you know that you have a positive expectancy if you know that you have a niche in the markets it’s a no brainer right for thing right when you trade a strategy that is validated you won’t get swayed by noise in the market you won’t get swayed by news in the market you wouldn’t be no chasing all this the shiny object syndrome right because you know that you really have something that works right why deviate from it right when you have something that works so you would tend to be more focused you’d be more discipline right and kind of you know – not away from the noise in the markets and finally the fifth thing right or rather the here the 15 when you are convinced of your trading strategy when you’re not swayed by the noise right when you don’t have to know so much trading psychology issues right at the back of your head right what happens naturally is that you become more consistent in your trading right you become a more consistent trader that is something that will happen naturally and it all starts with number one validating your trading strategy right doing the work right back testing forward testing right and to find out whether something really works or not before you trade it and that’s the biggest difference right between winning and losing losing traders they just want to be spoon-fed hey Reina what’s the best moving average parameters I should use or should I use the tweeny or 27 period moving average for winning traders right they will do the work they will find out right whether something works or not and you just go for it okay so this is the one thing right that separates winning from losing traders do the work validate your trading system right and I can I show you your trading right the your life will get much better from there all right so with that said I have come towards the end of today’s video if you’ve enjoyed it hit the thumbs up button subscribe to my youtube channel and I will talk to you soon you

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